Law360, Los Angeles (March 19, 2013, 6:44 PM ET) — The Ninth Circuit ruled Tuesday that the Federal Housing Finance Agency had legally ended a program that financed renewable energy retrofits for houses, saying courts can’t hear challenges to the agency’s decision to deny mortgage financing for homeowners who received money under the program.

A three-judge panel dismissed a consolidated case brought by California, the Sierra Club and others, ruling that as a conservator of Freddie Mac and Fannie Mae, the FHFA was entitled to stop buying mortgages on properties that had benefited from the Property Assessed Clean Energy program and that courts can’t review actions that the FHFA takes as conservator.


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